Litigation: SEC Charges 17 Individuals in $300 Million Crypto-Asset Ponzi Scheme Targeting Latino Community
March 16, 2024
March 16, 2024
WASHINGTON, March 16 -- The Securities and Exchange Commission issued the following litigation release (No. 4:24-cv-00939; S.D. Tex. filed March 14, 2024) involving Ismael Zarco Sanchez, et al.:
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The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominately Latino investors in the U.S. and two other countries. Today's comp . . .
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The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominately Latino investors in the U.S. and two other countries. Today's comp . . .